odoo/addons/hr_holidays/hr_holidays_data.xml

<?xml version="1.0"?>
<openerp>
  <data noupdate="1">

    <!-- Casual leave -->
    <record model="hr.holidays.status" id="holiday_status_cl">
      <field name="name" eval="'Legal Leaves '+time.strftime('%Y')"/>
      <field name="color_name">black</field>
    </record>

    <!-- Sick leave -->
    <record model="hr.holidays.status" id="holiday_status_sl">
      <field name="name">Sick Leaves</field>
      <field name="limit">True</field>
      <field name="color_name">red</field>
    </record>


    <!-- Compensatory Days -->
    <record model="hr.holidays.status" id="holiday_status_comp">
      <field name="name">Compensatory Days</field>
      <field name="limit">True</field>
      <field name="color_name">lavender</field>
    </record>

    <!--Unpaid Leave -->
    <record model="hr.holidays.status" id="holiday_status_unpaid">
      <field name="name">Unpaid</field>
      <field name="limit">True</field>
      <field name="color_name">brown</field>
    </record>

  </data>
</openerp>